Bank of Baku
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rates | Buy | Sell | USD | 0.8015 | 0.801 | 0.811 | EUR | 1.1123 | 1.1 | 1.142 | RUB | 0.0275 | 0.0265 | 0.028 | GBP | 1.1597 | 1.136 | 1.184 |
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BANK OF BAKU
 AUDITORS REPORT AND
FINANCIAL STATEMENTS AT
31 DECEMBER 1998
Note 7 - Premises and Equipment
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Fixture, furniture and others
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Computers and other office equipment
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Motor
Vehicles
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Total
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Net book amount at 1 January 1998
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48,008
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58,871
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36,367
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143,246
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Cost or valuation |
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Opening balance |
59,746 |
73,119 |
37,300 |
170,165 |
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In-kind capital contribution |
220,330 |
129,670 |
- |
350,000 |
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Additions |
3,699 |
15,202 |
- |
18,901 |
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Disposals |
(3,160) |
- |
- |
(3,160) |
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Closing balance |
280,615 |
217,991 |
37,300 |
535,906 |
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Accumulated depreciation |
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Opening balance |
(11,738) |
(14,248) |
(933) |
(26,919) |
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Depreciation charge |
(58,197) |
(54,144) |
(5,595) |
(117,936) |
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Disposals |
493 |
- |
- |
493 |
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Closing balance |
(69,442) |
(68,392) |
(6,528) |
(144,362) |
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Net book amount at 31 December
1998 |
211,173 |
149,599 |
30,772 |
391,544 |
Note 1 Principal Activities
Note 2 Basis of Presentation
Note 3 Significant Accounting Policies
Note 4 Cash and Short-Termshort-term funds
Note 5 Loans and Advances to Banks
Note 6 Loans and Advances to Customers
Note 7 Premises and Equipment
Note 8 Deposits From Banks
Note 9 Customer Accounts
Note 10 Other Liabilities
Note 11 Share Capital
Note 12 Accumulated Deficit / Retained earnings
Note 13 Dividends
Note 14 Fees and Commission Income
Note 15 Fees and Commission Expense
Note 16 General, Administrative and Other Operating Expenses
Note 17 Taxation
Note 18 Asset and Liability Concentration
Note 19 Fair value of Financial Instruments
Note 20 Risk Management
Note 21 Commitments and Contingent Liabilities
Note 22 Reconciliation of Azeri Accounting Rules to International. Accounting Standards
Note 23 Related Party Transactions
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